If the Baloney Store earns more than a normal profit, its
a. economic profit must be greater than its accounting profit
b. economic profit is positive
c. economic profit is, therefore, equal to its accounting profit
d. accounting profit is zero
e. accounting profit is less than its economic profit
Question 2
If the Money Store earns a normal profit this year, its
a. economic profit is equal to its accounting profit
b. economic profit is zero
c. economic profit is equal to the average accounting profit in other industries
d. accounting profit is zero
e. accounting profit is less than its economic profit
